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Tuesday, January 24, 2006

Press clippings in the media for Open World Mumbai

The Afternoon, India (link to article)"Oracle India Managing Director Krishan Dhawan also announced that the conference theme would be Information Empowers, saying, “Information is the new currency in the global market. Indian companies are increasingly becoming a part of the global economy and are realizing the importance of empowerment through information to effectively compete at global levels."

Pakistan Link (link to article)"In the past five years, Oracle invested nearly $2 billion in India to support company initiatives, such as its development centres, in-kind education donations, investments in companies like i-flex, and commitment to employees.Under the new expansion plans, Oracle is scheduled to increase its presence in nine non-metro cities, including Ahmedabad, Chandigarh, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Pune and Vishakhapatnam.Oracle expects to increase its total headcount in India to 10,000 over the next eight months."

24x7 Updates (link to article)"Oracle will also rewrite its software in seven new Indian languages, in order to cover all the national languages. Besides this, the company has assured that it will be flexible on payment schedules for contracts involving smaller firms or rural projects in India."

Red Herring (link to article)"Research firm IDC estimates that IT spending in India has reached $9 billion in 2005 and will grow to more than $17 billion in 2009. Only about 1 percent of Oracle’s revenue already comes out of India, FTN Midwest’s Mr. Chowdhry said.Currently, more than 80 percent of Indian banks and 90 percent of Indian telecommunications companies are Oracle customers. The company has more than 6,000 database and middleware customers and 400 applications customers in India."

The Telegraph India (link to article)"“India and China are the two key markets for us as far as the Asia-Pacific region is concerned,” Oracle senior vice-president (Asia-Pacific) Keith Budge told reporters here today. “India is being increasingly seen as a priority market for research and development and services,” he added."

Digital Media Asia (link to article)"Oracle is also currently working with 28 Indian state governments to develop, test and deploy e-government projects in the country. The software company said it is currently engaged in more than a hundred Indian government projects. "

Sify (link to article)"Oracle is in talks with the Government for use of its database products for Village Service Centres (which will provide a range of information and records), the company is awaiting cabinet clearance for this, he said. Other large e-governance projects in which Oracle is interested are the national ID project, customs and excise department projects."